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The lobster market size is forecast to increase by USD 3.90 billion at a CAGR of 10.03% between 2023 and 2028. The market is experiencing significant growth, driven by the increasing popularity of lobster restaurants and the rise of e-commerce platforms. The number of lobster restaurants has been increasing steadily due to the growing demand for high-end seafood experiences. Additionally, the e-commerce sector has disrupted traditional distribution channels, enabling consumers to purchase lobsters online and have them delivered directly to their doors. However, the lobster market also faces challenges in the food service, including the risks associated with suppliers. Sourcing live lobsters from remote locations can be logistically complex and expensive, and there is a risk of supply chain disruptions due to factors such as weather conditions and fishing regulations. To mitigate these risks, market players are exploring alternative sourcing strategies, such as aquaculture and partnerships with local fisheries. Overall, the lobster market is expected to continue growing, driven by consumer demand and the evolving business landscape.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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